Ark Law Group Blog
Short Sale, Loan Modification & Foreclosure Solutions
How Does Foreclosure Work? Can I Stop Foreclosure?
By Ark Law Group

How Does Foreclosure Work?Most people know that if you stop making your mortgage payments, you run the risk of your lender foreclosing on you. Many though, do not understand exactly how foreclosure works. If you are worried that you are at risk of being foreclosed upon, or if your lender has already started the foreclosure process, it is especially important to understand how foreclosure works. The better you understand the process, the timing, and what your lender wants out of it, the more options you will have for fighting that foreclosure.

Home Equity Lines of Credit Can Cause Second Mortgage Problems
By Ark Law Group

Requalifying for FinancingDoesn’t it always seem to be a case of good news/bad news? The good news this week is that, as reported by DSNews, the percentage of Americans who are underwater on their mortgages continues to decline - down to less than 12% as of the third quarter this week. But the bad news is that the balloon payments on numerous Home Equity Lines of Credit, or HELOCs, will be coming due in the next few years, putting many more homeowners who are underwater with their mortgages at risk of foreclosure.

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